Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.054%
Price spread now: HTX against OKX−0.020%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 3 days (all we have)−0.051%−$5 · spread now −0.020%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRX-USDT-SWAP | 0.3443 | 0.0010 | pay 0.0010% / 8h | 39m 41s | $15.6M | $8.7M | 50x |
| Short | HTX TRX-USDT | 0.3443 | −0.0029 | pay 0.0029% / 8h | 39m 41s | $827K | $726K | 75x |
OKX TRX-USDT-SWAP
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.24
- Price spread: −0.020% → −0.033%
- $1.31
- Slippage, 4 orders
- −$13.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$42.43
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; HTX: live order book, 39 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 4 min ago | 0.14 bp | 6.9 bp −$7 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell HTX live order book, 39 min ago | 4.30 bp | 10.3 bp −$10 | 17.3 bp −$173 | doesn't fit | doesn't fit |
TRX on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.067% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3442 | −0.025% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3443 | −0.009% | $8.7M | $3.7M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0071% | 1h | 0.3443 | −0.017% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | +0.061% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0041% | 8h | 0.3442 | −0.036% | $563K | $36K | — | as long as short |
| HTX TRX-USDTshort | −0.0029% | 8h | 0.3443 | −0.020% | $827K | $726K | 75x | |
| Bybit TRXUSDT | −0.0024% | 8h | 0.3443 | −0.015% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.063% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.034% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAPlong | +0.0010% | 8h | 0.3443 | long leg | $15.6M | $8.7M | 50x | |
| Extended TRX-USD | +0.0024% | 1h | 0.3442 | −0.031% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0027% | 8h | 0.3443 | −0.006% | $18.4M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0028% | 8h | 0.3444 | +0.009% | $99.4M | $47.9M | 75x | as long as short |
| Aster TRXUSDT | +0.0047% | 8h | 0.3444 | +0.010% | $956K | $659K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0061% | 8h | 0.3443 | −0.015% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3444 | +0.032% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3444 | +0.009% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3443 | −0.015% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.055% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3443 | −0.003% | $482K | $630K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3443 | −0.006% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.058% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3443 | +0.003% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | 0.000% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3444 | +0.020% | $588K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | +0.073% | $115K | $559K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.044% | $196K | $922K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3443 | −0.006% | $406 | $5K | 5x | as long as short |
| BloFin TRX-USDT | +0.0110% | 8h | 0.3443 | −0.009% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3444 | +0.021% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0455% | 1h | 0.3447 | +0.109% | $830K | $414K | 25x | as long as short |
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL